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Platts Survey Places Russian Crude Production Cuts at 410,000 bpd

OIL

Platts survey places Russian crude production at 9.45mn bpd in May, a 150,000 bpd cut from April.

  • That is 410,000 bpd below its February production of 9.86mn bpd.
  • Russian crude exports remain buoyant which Platts places on high Russian refinery runs which is pushing higher volumes of crude onto export markets. This is also observed in weaker refined product exports in May.

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